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Kazakhstan
Residen.al
Market
 Quarterly
Snapshot Q2
2010 VIEWPOINT Ainash
Korganbekova Director
 Veritas
Brown “Q2
saw
the
 comple.on
of
Block
A
at
the
 Esentai
 residen.al
 complex,
this
 elite
apartment
project
brings
a
new
dynamic
to
the
residen.al
market
and
 is
 proving
 very
ainash.k@veritasbrown.com Veritas
Brown CDC
2
Business
Center 240v
Furmanov
Street Almaty www.veritasbrown.com " id="pdf-obj-0-2" src="pdf-obj-0-2.jpg">

Kazakhstan
Residen.al
Market
 Quarterly
Snapshot

Q2
2010

VIEWPOINT
VIEWPOINT
Kazakhstan
Residen.al
Market
 Quarterly
Snapshot Q2
2010 VIEWPOINT Ainash
Korganbekova Director
 Veritas
Brown “Q2
saw
the
 comple.on
of
Block
A
at
the
 Esentai
 residen.al
 complex,
this
 elite
apartment
project
brings
a
new
dynamic
to
the
residen.al
market
and
 is
 proving
 very
ainash.k@veritasbrown.com Veritas
Brown CDC
2
Business
Center 240v
Furmanov
Street Almaty www.veritasbrown.com " id="pdf-obj-0-11" src="pdf-obj-0-11.jpg">

Ainash
Korganbekova

Director


Veritas
Brown

“Q2
saw
the
 comple.on
of
Block
A
at
the
 Esentai
 residen.al
 complex,
this
 elite
apartment
project
brings
a
new
dynamic
to
the
residen.al
market
and
 is
 proving
 very
 popular
 with
 tenants
 looking
 for
 high‐end,
 well
 located
 accommoda.on.
 
 We
 are
 delighted
 to
 have
 signed
 an
 agreement
 with


Ahsel
 Holdings
 to
 promote
 two
 of
 their
 projects
 in
 Almaty,
 firstly
 the
 Edelweiss
 project
 at
 Gorni
 Gigant,
 this
project
 offers
high‐end
 villas
 in
 a
 gated
community
with
fitness
club,
spa
and
children's
centre
and
secondly
 the
 Ahsel
 Kent
 apartment
 based
 project
 on
 Raimbek
 Avenue.
 Ahsel
 Holdings
are
 offering
 a
 financial
incen.ve
 scheme
 to
encourage
 poten.al


purchasers,
 this
 scheme
 is
extremely
 compe bank
rates
on
offer”.


..

ve


to
most
 of
 the
 current


KEY
TRENDS
KEY
TRENDS

Demand
‐
Mortgage
Availability


Demand
for
housing
 in
many
 respects
depends
on
the
 availability
 of
mortgage
 loans.
The
 recent
 financial
 crises
 in
 Kazakhstan’s
banking
 industry
 has
meant
 that
 mortgage
 availability
 is
 limited,
 although
there
is
liquidity
in
the
 banking
system
some
banks
are
 s.ll
reluctant
to
lend.
 In
2009
the
 na.onal
 well‐fare
 fund
"Samruk‐Kazyna"
placed
 120
 billion
Tenge
 for
 mortgage
 loan
 refinancing
 with
 the
 following
 pre
 condi.ons:
 a
 mortgage
 rate
 not
 exceeding
 9
 %
 for
 workers
 of
 limited
 resources
 and
 socially‐vulnerable
 levels
 and
 not
 exceeding
 11
 %
 ‐
 for
 other
 categories
 of
 borrowers.

Development
Ac6vity

Current
construc.on
ac.vity
in
Almaty
is
s.ll
rela.vely
subdued.
According
to
the
City
Government
 in
 the
 first
 quarter
 of
 2010
the
 construc.on
of
33
housing
 complexes,
 with
8,142
equity‐holders
 was
 commissioned.
 Within
 the
 ac.on
 plan
 for
 Kazakhstan
 socio‐economic
 development,
 the
 equity‐shared
development
sector
in
Almaty
was
allocated
$509
million
from
the
 public
budget
for

 2009.
Work
is
underway
on
the
building
of
some
 housing
units
primarily
by
 the
larger
developers
 such
 as:
 Bazis‐A
 with
 "Shahristan",
 “Solnechnaya
 dolina”
 and
 “Alpiyskie
 luga”
 residen.al
 developments,
ElitStroy
 (“Al‐Farabi","Khan‐Tengri”
residen.al
complexes),
 VEK
(“Nauai”
complex),
 Woolim
(«Apple
Town»),
Europolis
(“Europolis”
housing
complex).

Development
Fundamentals


During
2009,
according
to
the
State
Agency
on
Sta.s.cs,
1.05
million
sq
m
of
residen.al
space
was


commissioned
in
Almaty.
About
240,000
sq
m
was
commissioned
by
private
developers,
which
is


approximately
23%
of
the
city’s
total.
The
main
source
of
financing
of
residen.al
construc.on
in


2009
was
debt
financed
by
government
funds. The
main
driver
of
the
residen.al
building
sector
in


2009
was
the
Government’s
program
of
accessible
housing,
although
the
total
amount
invested


into
residen.al
construc.on
was
much
lower
than
in
the
previous
few
years.
The
total
investment


volume
into
Almaty
residen.al
construc.on
accounted
for
$400
million,
55%
down
from
the
level


seen
in
2008.


RESIDENTIAL
MARKET
Q2
2010
at
a
glance

Almaty
Average
Residen.al
Price

Kazakhstan
Residen.al
Market
 Quarterly
Snapshot Q2
2010 VIEWPOINT Ainash
Korganbekova Director
 Veritas
Brown “Q2
saw
the
 comple.on
of
Block
A
at
the
 Esentai
 residen.al
 complex,
this
 elite
apartment
project
brings
a
new
dynamic
to
the
residen.al
market
and
 is
 proving
 very
ainash.k@veritasbrown.com Veritas
Brown CDC
2
Business
Center 240v
Furmanov
Street Almaty www.veritasbrown.com " id="pdf-obj-0-66" src="pdf-obj-0-66.jpg">

Almaty
Average
Prime
Rental
Price


Astana
Average
Residen.al
Price

Kazakhstan
Residen.al
Market
 Quarterly
Snapshot Q2
2010 VIEWPOINT Ainash
Korganbekova Director
 Veritas
Brown “Q2
saw
the
 comple.on
of
Block
A
at
the
 Esentai
 residen.al
 complex,
this
 elite
apartment
project
brings
a
new
dynamic
to
the
residen.al
market
and
 is
 proving
 very
ainash.k@veritasbrown.com Veritas
Brown CDC
2
Business
Center 240v
Furmanov
Street Almaty www.veritasbrown.com " id="pdf-obj-0-74" src="pdf-obj-0-74.jpg">
Kazakhstan
Residen.al
Market
 Quarterly
Snapshot Q2
2010 VIEWPOINT Ainash
Korganbekova Director
 Veritas
Brown “Q2
saw
the
 comple.on
of
Block
A
at
the
 Esentai
 residen.al
 complex,
this
 elite
apartment
project
brings
a
new
dynamic
to
the
residen.al
market
and
 is
 proving
 very
ainash.k@veritasbrown.com Veritas
Brown CDC
2
Business
Center 240v
Furmanov
Street Almaty www.veritasbrown.com " id="pdf-obj-0-76" src="pdf-obj-0-76.jpg">

Astana
Average
Prime
Rental
Price


Kazakhstan
Residen.al
Market
 Quarterly
Snapshot Q2
2010 VIEWPOINT Ainash
Korganbekova Director
 Veritas
Brown “Q2
saw
the
 comple.on
of
Block
A
at
the
 Esentai
 residen.al
 complex,
this
 elite
apartment
project
brings
a
new
dynamic
to
the
residen.al
market
and
 is
 proving
 very
ainash.k@veritasbrown.com Veritas
Brown CDC
2
Business
Center 240v
Furmanov
Street Almaty www.veritasbrown.com " id="pdf-obj-0-81" src="pdf-obj-0-81.jpg">
Kazakhstan
Residen.al
Market
 Quarterly
Snapshot Q2
2010 VIEWPOINT Ainash
Korganbekova Director
 Veritas
Brown “Q2
saw
the
 comple.on
of
Block
A
at
the
 Esentai
 residen.al
 complex,
this
 elite
apartment
project
brings
a
new
dynamic
to
the
residen.al
market
and
 is
 proving
 very
ainash.k@veritasbrown.com Veritas
Brown CDC
2
Business
Center 240v
Furmanov
Street Almaty www.veritasbrown.com " id="pdf-obj-0-83" src="pdf-obj-0-83.jpg">
Kazakhstan
Residen.al
Market
 Quarterly
Snapshot Q2
2010 VIEWPOINT Ainash
Korganbekova Director
 Veritas
Brown “Q2
saw
the
 comple.on
of
Block
A
at
the
 Esentai
 residen.al
 complex,
this
 elite
apartment
project
brings
a
new
dynamic
to
the
residen.al
market
and
 is
 proving
 very
ainash.k@veritasbrown.com Veritas
Brown CDC
2
Business
Center 240v
Furmanov
Street Almaty www.veritasbrown.com " id="pdf-obj-0-85" src="pdf-obj-0-85.jpg">
Kazakhstan
Residen.al
Market
 Quarterly
Snapshot Q2
2010 VIEWPOINT Ainash
Korganbekova Director
 Veritas
Brown “Q2
saw
the
 comple.on
of
Block
A
at
the
 Esentai
 residen.al
 complex,
this
 elite
apartment
project
brings
a
new
dynamic
to
the
residen.al
market
and
 is
 proving
 very
ainash.k@veritasbrown.com Veritas
Brown CDC
2
Business
Center 240v
Furmanov
Street Almaty www.veritasbrown.com " id="pdf-obj-0-87" src="pdf-obj-0-87.jpg">
PROPERTY
LISTINGS
PROPERTY
LISTINGS
Esentai
Residen.al











 Block
A
Apartments • New
Build • Elite
Project • 24
Hour
Security • Lease/Sale • Mountain
Views • Underground
Parking
Esentai
Residen.al












Block
A
Apartments
• New
Build
• Elite
Project
• 24
Hour
Security
• Lease/Sale
• Mountain
Views
• Underground
Parking
Ahsel
Holdings
Edelweiss
Project














 Almaty • Gated
Community • Health
Club
and
Spa • 24
Hour
Security • Villas • Town
Houses • Apartments • Idilic
Loca.on
Ahsel
Holdings
Edelweiss
Project















Almaty
• Gated
Community
• Health
Club
and
Spa
• 24
Hour
Security
• Villas
• Town
Houses
• Apartments
• Idilic
Loca.on

Contact

Ainash
Korganbekova

Tel
+7
(727)
3344000

Mobile
+7
701
266
8504

Veritas
Brown

Veritas
Brown

CDC
2
Business
Center

240v
Furmanov
Street

Almaty

www.veritasbrown.com

www.veritasbrown.com